1 Executive (3 day to approve)
1-Lead-3-Engineer Guild (1 week)
10% Community Votes (4 weeks)
3 Senior Team (5 days)
5-of-9 DAO Governors (2 weeks)
To move fast while reaching consensus, who should approve for a $1M proposal?
Although I do agree that we should have at least 3 senior team agreement for approvals, this can provoke major issues especially with timing for events. For example, for NFT.NYC which is coming up in a month, we still have not locked in a venue for anything, which prevents the events team and creative team from further planning. It is imperative to lock things like venues down early in event planning process because venues can make or break an event. Furthermore, it is possible that out of the 3 senior team members, some may not even be involved with certain events, therefore I think it is more efficient to have an exec or department head be able to get approval for smaller event tasks like locking down venues without the need of 3 team members. For example, in order to get approval for event venues, it can be the events lead - li - 1 other core, or it can be a voting process of entire events team, followed by event lead presenting the votes and justifications to li. In summary, my main point is yes, 3 senior team members should agree for approvals, however there are certain timely instances such as securing a venue where this isn’t efficient.